Should I buy or sell Ero Copper stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares. View ERO analyst ratings or view top-rated stocks .

What is Ero Copper's stock price target for 2024?

3 equities research analysts have issued 1 year price objectives for Ero Copper's stock. Their ERO share price targets range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 88.2% from the stock's current price. View analysts price targets for ERO or view top-rated stocks among Wall Street analysts .

How have ERO shares performed in 2023?

Ero Copper's stock was trading at $13.75 on January 1st, 2023. Since then, ERO shares have decreased by 7.3% and is now trading at $12.75. View the best growth stocks for 2023 here .

Are investors shorting Ero Copper?

Ero Copper saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,050,000 shares, a drop of 53.1% from the October 31st total of 2,240,000 shares. Based on an average daily volume of 255,800 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.3% of the shares of the stock are short sold. View Ero Copper's Short Interest .

When is Ero Copper's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024. View our ERO earnings forecast .

How were Ero Copper's earnings last quarter?

Ero Copper Corp. (NYSE:ERO) posted its earnings results on Thursday, November, 2nd. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business earned $105.20 million during the quarter, compared to analyst estimates of $108 million. Ero Copper had a net margin of 18.33% and a trailing twelve-month return on equity of 13.87%.

Who are Ero Copper's major shareholders?

Ero Copper's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (11.47%), Jennison Associates LLC (3.79%), 683 Capital Management LLC (2.68%), Impala Asset Management LLC (1.97%), Mirae Asset Global Investments Co. Ltd. (1.91%) and American Century Companies Inc. (1.54%).

How do I buy shares of Ero Copper?

Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Ero Copper Stock Price, News & Analysis (NYSE:ERO)

$12.75

-0.66 (-4.92%)

(As of 12/5/2023 ET)

Compare

Today's Range: $12.69
▼
$13.26
50-Day Range: $11.63
▼
$17.26
52-Week Range: $11.35
▼
$24.38

Volume: 225,031 shs
Average Volume: 164,270 shs
Market Capitalization: $1.31 billion

P/E Ratio: 15.00
Dividend Yield: N/A
Price Target: $24.00

Ero Copper MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 88.2% Upside
$24.00 Price Target
Short Interest: Healthy
1.28% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.04
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 74.42%
From $0.86 to $1.50 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Basic Materials Sector

40th out of 176 stocks

Private Households Industry

1st out of 4 stocks

3.0

Analyst's Opinion

Consensus Rating
Ero Copper has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, Ero Copper has a forecasted upside of 88.2% from its current price of $12.75.
Amount of Analyst Coverage
Ero Copper has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.28% of the float of Ero Copper has been sold short.
Short Interest Ratio / Days to Cover
Ero Copper has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Ero Copper has recently decreased by 53.12%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Ero Copper does not currently pay a dividend.
Dividend Growth
Ero Copper does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERO.

2.2

News and Social Media Coverage

News Sentiment
Ero Copper has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Ero Copper this week, compared to 1 article on an average week.
Search Interest
2 people have searched for ERO on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ero Copper insiders have not sold or bought any company stock.
Percentage Held by Institutions
52.86% of the stock of Ero Copper is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ero Copper are expected to grow by 74.42% in the coming year, from $0.86 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ero Copper is 15.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ero Copper is 15.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 90.78.
Price to Book Value per Share Ratio
Ero Copper has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ero Copper Stock (NYSE:ERO)

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

ERO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERO Stock News Headlines

December 2, 2023 | americanbankingnews.com

Q4 2023 Earnings Estimate for Ero Copper Corp. Issued By Raymond James (NYSE:ERO)

November 30, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Ero Copper Corp. (NYSE:ERO) Cut by Analyst

December 5, 2023 | DTI Trader (Ad)

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November 11, 2023 | morningstar.com

Ero Copper Corp ERO

November 11, 2023 | seekingalpha.com

Ero Copper: The Returns Could Be Staggering If Gold Soars (Rating Upgrade)

November 2, 2023 | msn.com

Ero Copper Non-GAAP EPS of $0.18, revenue of $105.2M misses by $3.58M

November 1, 2023 | finance.yahoo.com

Ero Copper Announces Changes to the Board of Directors

November 1, 2023 | markets.businessinsider.com

Analysts Conflicted on These Materials Names: Ero Copper (ERO), Osisko Gold Royalties (OR) and SilverCrest Metals (SILV)

December 5, 2023 | Financial Alphas (Ad)

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October 31, 2023 | msn.com

Ero signs deal to earn into Vale’s Brazilian copper project

September 7, 2023 | markets.businessinsider.com

First Quantum Minerals (FQVLF) was upgraded to a Buy Rating at BMO Capital

August 14, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Ero Copper Corp.'s (TSE:ERO) Stock?

August 9, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Freeport-McMoRan, Ero Copper, Energy Fuels and Coeur

August 4, 2023 | seekingalpha.com

Ero Copper Non-GAAP EPS of $0.24, revenue of $104.9M misses by $4.18M

August 3, 2023 | finance.yahoo.com

Ero Copper Reports Second Quarter 2023 Operating and Financial Results

August 3, 2023 | finance.yahoo.com

Ero Copper Corp. (ERO) Beats Q2 Earnings Estimates

July 31, 2023 | baystreet.ca

AI Ventures, Ambari, Cameco at 52-Week Highs

July 6, 2023 | finance.yahoo.com

Ero Copper to Release Second Quarter 2023 Financial and Operating Results on August 3, 2023

June 9, 2023 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.25%

June 9, 2023 | markets.businessinsider.com

Barclays Sticks to Their Hold Rating for Ero Copper (ERO)

June 8, 2023 | ca.finance.yahoo.com

Stocks in play: Ero Copper Corp

June 7, 2023 | seekingalpha.com

Ero Copper: Strong Prospects But Shares May Become Cheaper

May 24, 2023 | msn.com

TSX, TX60, and JX Close Lower; Filo Mining Corp, Ivanhoe Electric Inc, and Ero Copper Corp Worst Performers

May 12, 2023 | finance.yahoo.com

Ero Copper Files Technical Report for the Xavantina Operations

May 11, 2023 | seekingalpha.com

Ero Copper Corp. 2023 Q1 - Results - Earnings Call Presentation

May 9, 2023 | msn.com

Ero Copper Non-GAAP EPS of $0.24, revenue of $101M misses by $0.16M

May 1, 2023 | finance.yahoo.com

Ero Copper (TSE:ERO) Is Looking To Continue Growing Its Returns On Capital

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Private households
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:ERO
CUSIP: N/A
CIK: 1853860
Web: www.erocopper.com
Phone: (604) 449-9244
Fax: 604-398-3767
Employees: 2,864
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.00
High Stock Price Target: $24.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +88.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 15.00
Forward P/E Ratio: 14.83
P/E Growth: N/A
Net Income: $101.83 million
Net Margins: 18.33%
Pretax Margin: 22.65%
Return on Equity: 13.87%
Return on Assets: 6.68%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 1.23
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $426.40 million
Price / Sales: 3.06
Cash Flow: $1.29 per share
Price / Cash Flow: 9.85
Book Value: $5.88 per share
Price / Book: 2.17

Miscellaneous

Outstanding Shares: 102,450,000
Free Float: N/A
Market Cap: $1.31 billion
Optionable: Not Optionable
Beta: 1.14

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Key Executives

Mr. David Maxwell Strang (Age 55)
CEO & Director
Comp: $1.26M
Mr. Makko DeFilippo
President & COO
Mr. Wayne Drier
Chief Financial Officer
Mr. Michel Richard
Chief Geological Officer
Ms. Courtney R. B. Lynn (Age 42)
Senior Vice President of Corporate Development, Investor Relations & Sustainability
Mr. Deepk Hundal
Senior VP, General Counsel & Corporate Secretary
Mr. Eduardo de Come (Age 57)
Chief Executive Officer of Ero Brazil
Mr. Emilio Sarno
Vice President of Asset Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ERO Stock Analysis - Frequently Asked Questions

Should I buy or sell Ero Copper stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares.
View ERO analyst ratings or view top-rated stocks.
What is Ero Copper's stock price target for 2024?: 3 equities research analysts have issued 1 year price objectives for Ero Copper's stock. Their ERO share price targets range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 88.2% from the stock's current price.
View analysts price targets for ERO or view top-rated stocks among Wall Street analysts.
How have ERO shares performed in 2023?: Ero Copper's stock was trading at $13.75 on January 1st, 2023. Since then, ERO shares have decreased by 7.3% and is now trading at $12.75.
View the best growth stocks for 2023 here.
Are investors shorting Ero Copper?: Ero Copper saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,050,000 shares, a drop of 53.1% from the October 31st total of 2,240,000 shares. Based on an average daily volume of 255,800 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.3% of the shares of the stock are short sold.
View Ero Copper's Short Interest.

When is Ero Copper's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our ERO earnings forecast.
How were Ero Copper's earnings last quarter?: Ero Copper Corp. (NYSE:ERO) posted its earnings results on Thursday, November, 2nd. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business earned $105.20 million during the quarter, compared to analyst estimates of $108 million. Ero Copper had a net margin of 18.33% and a trailing twelve-month return on equity of 13.87%.
Who are Ero Copper's major shareholders?: Ero Copper's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (11.47%), Jennison Associates LLC (3.79%), 683 Capital Management LLC (2.68%), Impala Asset Management LLC (1.97%), Mirae Asset Global Investments Co. Ltd. (1.91%) and American Century Companies Inc. (1.54%).
How do I buy shares of Ero Copper?: Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ERO) was last updated on 12/5/2023 by MarketBeat.com Staff

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